On Wednesday, the yen fell to a 34-year low of 151.97 against the US dollar, raising concerns in the market about possible government action to support the Japanese currency.   After recovering some of its losses, the yen was last trading at 151.22 against the dollar at 10:19 a.m. London...

The State Statistics Office (SSO) released a study stating that the total profit of China's major industrial businesses increased 10.2% year over year to 914.06 billion yuan ($126.46 billion) in January-February 2024. According to the SSO, a major industrial enterprise is defined as one with an...

Executives at the CERAWeek energy conference stated that private equity firms are taking on more responsibilities to control runaway costs from supply chain concerns and maintain valuations, and they are doing it by increasing their direct oversight of energy transition companies in their...

Energy executives claim that despite the incredibly low petrol costs currently in place, they are placing their money on a wave of new LNG plants that will increase demand for the fuel and drive up prices.   This year, the price of natural gas has dropped by one-third due to a milder winter,...

Chinese Premier Li Qiang addressed a gathering of international CEOs and Chinese policymakers, and stated that that China will closely examine issues related to market access and cross-border data flows and will shortly release new rules in these areas.   "We cordially welcome companies...

According to senior industry sources, some western banks are lobbying against EU measures to transfer billions of euros in interest generated on frozen Russian assets because they believe it could result in expensive legal action.   Leaders of the European Union decided on Thursday to...

With Switzerland being the first big economy to lower interest rates and the Bank of Japan rising for the first time in 17 years, central banks around the world reached a critical juncture this week.   The markets are still attempting to determine when the majority of the most powerful...

At his acrylic panel manufacturing company in Tokyo, Satoaki Kanoh will soon have to replace over a dozen aged machinery. This is a significant project that he fears may get even more expensive.   "My goal is to perform one every year. However, I don't have that much money," Kanoh remarked...

The unusually ambiguous benchmark that Federal Reserve governors set for when the American central bank should begin reducing interest rates was "greater confidence" that inflation was on a sustainable downward path. This was the reason they departed their policy meeting in late January.  ...